Alipay: March Inbound Payment Consumption Increased Tenfold Year-On-Year
In March 2024, the cumulative transaction amount of overseas guests using Alipay in China increased nearly tenfold compared to March last year.
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Private Chinese Enterprise Deep Blue Aerospace Completes Round-A+ Financing
Deep Blue Aerospace (DBA) announced Tuesday that it has completed a round A+ of financing, led by CMBC International and followed by existing shareholders such as Zhencheng Capital.
4/20/20222 min read
Xiaomi Launches New CC Series to Cater to Younger Audience
On July 2, Xiaomi launched three new smartphones – the Mi CC9, Mi CC9e and Mi CC9 Meitu Edition – under its new Mi CC series.
7/3/20192 min read
Former LeVision Pictures CEO Zhang Zhao Dies at 58
Zhang Zhao, former CEO and executive director of LeVision Pictures, one of the largest film production companies in China, died at the age of 58 on Feb. 3.
China Gets Favorable Draw in World Cup 2022 AFC Qualification
On Wednesday, July 17, at the AFC House in Kuala Lumpur, Malaysia, the draw for the second round of World Cup 2022 Qualification was announced.
7/18/20192 min read
Kuaishou Rumored to Lay Off 30% of Employees in Near Future
According to some users on Chinese professional networking site Maimai, popular domestic video-sharing platform Kuaishou will lay off 30% of its employees in the near future.
12/7/20212 min read
Geekbang Secures Over $15M in Round-B+ Financing Led by Oriental Fortune Capital
Geekbang, a KaaS learning platform, has announced its completion of $15.7 million in a B+ round of financing. The investment was led by Oriental Fortune Capital, followed by Cybernaut Venture Capital and an investment institution.
4/19/20222 min read
NIO Founder William Li Confirms Plans for Smartphone Business
William Li, the founder, Chairman and CEO of Chinese new energy car company NIO, responded to reports the company is working on smartphones during a Thursday interview.
3/31/20222 min read
Didi Joins Hands with Leasing, Insurance Firms on Payment Extensions for Drivers to Fend Off Coronavirus Impact
The initiative is part of a Didi-coordinated cross-industry effort to contain the negative effects of the COVID-19 outbreak.
2/17/20202 min read
QR Codes are Back and They are Spreading Outside China
Not only do the Chinese hold QR codes dear to their hearts, but they are also pretty successful at convincing the rest of the world that their new-found love is not just a one-time fling. It’s meaningful, reasonable and is going to last.
Microsoft Rumored to Cut Suzhou Division in China, Future Adjustments Inevitable
Reports surfaced recently alleging that Microsoft will cut its Suzhou division in China, implementing large-scale layoffs with compensation of over 12 months in salary. However, several independent sources confirmed that the news was not true.
Hurun Released “Greater China Unicorn Index” and “Future Unicorns” for 2019 Q1
Hurun Research Institute released “Hurun Greater China Unicorn Index 2019 Q1” and “Hurun China Future Unicorns 2019 Q1” on May 7, 2019. This is the sixth release of the Unicorn Index and the first release of Future Unicorns.